Florida Gaming Corporation (OTCBB: FGMG) broke ground Wednesday, May 18, 2011 to celebrate construction of the casino addition at Miami Jai-Alai. This follows the closure of an $87,000,000, five year, Senior Term credit facility.
Miami Jai-Alai will undergo substantial renovations featuring a casino floor accommodating an initial 1,000 slot machines, new card room featuring poker and dominoes, and all new food and beverage facilities. The main auditorium will also receive upgrades making it more conducive for entertainment as well as the most exciting live jai-alai action in the world.
The facility will have approximately 1,500 surface parking spaces. Development is expected to last between eight and nine months.